The JOY token
$JOY, being Joystream’s native token, is used to govern and keep the network secured. It’s used as a currency in all dApps built on Joystream.
Symbol
Total Supply
Price
FDV
Where can you store JOY?
You can keep your JOY tokens on a number of existing wallets depending on your platform of choice.
OneKey
PLATFORMS
Browser, Phone, Desktop
Nova
PLATFORMS
Phone
Talisman
PLATFORMS
Browser
SubWallet
PLATFORMS
Browser, Phone
Where can you buy and sell JOY?
If you have an appetite for buying or selling JOY tokens, check one of the exchanges listed below.
GateIO
Established in 2013, Gate.io is a global cryptocurrency exchange based in the Cayman Islands.
MEXC
MEXC is a cryptocurrency exchange based in Seychelles, founded in 2018.
Bitget
Established in 2018, Bitget is a cryptocurrency exchange headquartered in Singapore.
Bitmart
Bitmart is a Cayman Islands-based cryptocurrency exchange founded in 2017.
How can you earn JOY?
There are many options to earn the JOY token. A wide variety of rewardable activities makes it easy for anyone to find a task they can enjoy. After all, it's the token's name.
As a creator
Publish videos
Partake in DAO council rewards scheme or get compensation for YT sync programme.
Learn moreSell your videos as NFTs
Mint and sell NFTs on any of the available Apps via fixed price sale, timed or open auctions.
Learn moreSet up your creator token
Mint your very own tokens and sell them to your audience or put them on the market (coming soon).
Learn moreAs a DAO participant
Become a Gateway Operator
Run your own instance of Atlas and get rewarded for new channels and content attribution.
Learn moreValidate and Stake
Stake your tokens on one of the trusted validators or become one yourself.
Learn moreWhat can you do with the JOY token?
Holding on to your JOY tokens opens up a world of exciting opportunities for engaging with the Joystream community.
Be part of a Working Group
Staking some of JOY tokens opens up possibility to earn more by doing work for the DAO.
Invest in creators
Purchase creator tokens and partake in revenue share schemes or resell on the market (coming soon).
Publish videos
JOY tokens are required to cover transaction fees of adding records to the blockchain.
Nominate validators
Delegate your tokens to the trusted validators and earn passive income on your JOY tokens while providing stability to the project.
Participate in elections
Impact project governance by staking your tokens for council candidates during elections.
Interact with others
Interactions are recoded on the blockchain and creator's reputation follows them to every app built on it.
Engage in proposals
Create proposals for council to vote on and impact the future of the project directly.
How is the JOY supply changing?
As with all other tokens, some events can increase (mint) and decrease (burn) the number of JOY tokens in the pool.
JOY tokens are minted when...
Validators are rewarded for their work
Validators are rewarded for running nodes with the newly minted tokens.
Councilors, workers and leads are paid out
Council elects, work groups leads and workers get paid regular salary defined by council.
Creators are being rewarded for publishing high quality content
Council rewards scheme is in operation, rewarding best performing channels on a regular basis.
Joystream-based applications are being recognized and rewarded
Gateway attribution rewards scheme incentives put in place for the App operators to grow the engagement.
Financing spending proposals and bounties
Financing proposals to remunerate misc parts of the platform operations also result in new tokens minted.
JOY tokens are burned when...
A creator token is sold
Platform fees apply and get burned from each sale transaction with creator tokens.
An NFT is sold
Platform fees apply to each NFT transaction.
Application fee is charged
Running your own Application comes with the fee paid to the DAO that gets burned, increasing token value.
New content is published
Transaction fees taken on channels, content creation and interaction gets fully burned.